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Private Equity Firm Picks Up Durham Apartments for $49.3 Million

Centennial Holding Co. Sells 270-Unit 501 Estates
501 Estates was built in 2000. Photo: CoStar
501 Estates was built in 2000. Photo: CoStar
By Cody Cole
CoStar Research
April 4, 2019 | 7:09 P.M.

Spyglass Capital Partners, a private equity firm that focuses on value-add multifamily investments, purchased a 270-unit apartment complex in Durham, North Carolina, dubbed 501 Estates, for $49.28 million, or about $183,000 per unit.

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IN THIS ARTICLE


  • Properties
  • Contacts
    • Kris Mikkelsen

      Executive Vice President, Investment Sales, Walker & Dunlop LLC